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Ultimate Engulfing Scanner Multi Pair Multi TF

(FOR MT4) Ultimate Engulfing Scanner Multi Pair And Multi Time Frame: 

This indicator has been designed to find the strongest engulfing patterns in the forex market.


- An engulfing pattern is very simple to trade, without the need for any complicated analysis.


- This patterns provides an excellent risk and reward ratio. Because your potential wins will 

   always be considerably larger than your potential losses. And this is CRITICAL to your long term 

   trading success. 


- You have the highest probability of success when you this pattern occurs at the end of an extended trend.

   And this is why we have put two separate filters into this indicator. So that you don't waste your valuable

   time with meaningless alerts. 



IMPORTANT FACTORS TO KEEP IN MIND:

Nothing is more important than price action.


A strong engulfing candle at the end of a trend is a clear indication that the institutions have flipped.

If it happens at the end of an uptrend, it means that the institutional bears are now in charge. 

And if it happens at the end of a downtrend, it means that the institutional bulls are now in charge. 


Features:

  • This indicator can monitor all 28 pairs at the same time.
  • It can monitor every timeframe, from 1 Minute to Monthly. All at the same time. 
  • It will automatically trigger an alert whenever the appropriate pattern is identified.
  • It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc. 
  • It uses two filters (RSI and Consecutive Candles) in order to catch the patterns at the end of a trend.                                                                                                    

- This indicator only needs to be placed on one chart and it will simultaneously monitor the entire market, all on one screen.

  This will save you an enormous amount of time and effort. As you won't have to flip through dozens of charts for analysis. 
  And this will allow you to focus on other aspects of your trading. Such as further technical (or fundamental analysis).
  This will also give you more time to find other trading opportunities. 


Indicator Parameters:

  • Symbols: The indicator monitors the top 28 pairs by default, but you can select less pairs if you wish.
  • Use RSI Filter: True = Yes, False = No
  • RSI Period: Setting for RSI filter
  • RSI Up Level: Overbought level for RSI filter. Bearish engulfing candle must form above this level in order to be valid.
  • RSI Down Level: Oversold level for RSI filter. Bullish engulfing candle must form below this level in order to be valid.
  • Use Consecutive Filter: True = Yes, False = No
  • Consecutive Candles: Will look for the engulfing candle after "X" number of consecutive candles. 
  •           

For Example: 

If you select "5", it will look for an engulfing candle after 5 consecutive candles of the opposite color.

Therefore, if there are 5 consecutive down candles and then there is a bullish engulfing candle, it will trigger an alert.  


    You have the option of using both filters if you wish. Or only one of them. Or none. 

    It is completely up to you.



See the images below for further details and contact us if you have any questions.



HUNDREDS OF 5 STAR REVIEWS AND OVER TWO DECADES OF REAL WORLD MARKET EXPERIENCE:

This indicator has been created by a former hedge-fund employee, with almost 25 years

of market experience. And our company has been selling high quality indicators on this

platform since 2015.


Over the years we have helped THOUSANDS of satisfied clients and we have received

HUNDREDS of 5 star reviews. 


And we are proud to say that all of our reviews are 100% GENUINE

With absolutely no client manipulation, or questionable tactics of any kind. 


For further details regarding our background, we STRONGLY RECOMMEND that you take a look

at our profile. In order to get a better understanding of our overall trading experience and our

approach to the market.


https://www.mql5.com/en/users/escobedofx21



Reviews 1
forextiff
755
forextiff 2019.02.05 13:05 
 

5 STARS!!! Let me say this... from the beginning Mike was 100% with customer service. I honestly never seen anything like it. I have to apologize in advance... this review was a long time coming as with the service I received, I wanted to do a review immediately but better late than never right? I am really happy I ran into Mike and his indicators on mql5. I am not a review writer... not one bit. But Mike's level of service could not be ignored. The time he took to fully answer all of my questions and also with the way he went above and beyond with more than just the indicator, there was no way I was not going to write a review to let everyone know they are and will be in good hands! Thank you Mike. I will be in touch shortly!

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MR Volume POC Levels 4
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The indicator was created for the "Masters of Risk" trading system.  The settings are compared with  volumes in NinjaTrader 8 terminal with CQG datafeed . The settings of EURUSD-6E , GBPUSD-6B , AUDUSD-6A and other currency pairs were compared.  It shows the POC (Point of Control) volume levels for the selected period of time.   Point of Control (POC) are not lines, they are zones.  Which zones are relevant and which are not, is determined by the author's methodology.  The indicator shows Break
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For those who studies Bill Williams' books "New Trading Dimensions" and "Trading Chaos (Second Edition)" and tries trading using these methods, it becomes evident that the standard set of indicators is not sufficient for full-fledged work. The Trading Chaos Map indicator draws the "market map", thus allowing you to the charts the same way as the author of the trilogy. Parameters provide options for enabling and disabling each signal. You can use any of the methods, or use them in conjunction. Yo
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Pair Trading Station MT4
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TPA True Price Action MT4 Indicator
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InvestSoft
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Engulfing 13EMA
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Blahtech Market Profile
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Blahtech Limited
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
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Easypippin Collector
Easypippin Collector
Peter Francois J Thijs
Telegram Channel & Group :https://t.me/joinchat/sdHZOjGc9V0xYjQ0 V.I.P Group Access: Send Payment Proof to our Inbox https://easypippin.com/ The Easypippin collector indicator gives u a indication of direction,based on several settings all put together to make it Easy to detect where the market possible is going to. The indicator gives u a X inthebox and a X , if u see them painting together the possible direction is strong. The indicator also can be used as a support and resistence zone.  
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TakePropips Moving Average Crossover
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Eric John Pajarillaga Aldana
TakePropips Moving Average Crossover  is a powerful and effective tool that automatically detects trading opportunities using two Moving Average Crossover Strategies   and also provide you an entry and exit signals.  This multi-function indicator includes a   Statistical Dashboard Panel and a Trend-Detection Scanner.  It is designed to provide you trading signals and save you hours analyzing the charts! Main Features: Automated Entry and Exit Signals   - detects buy & sell opportunities and p
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WD Gann Analysis
WD Gann Analysis
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How you benefit form WD Gann Analysis Indicator? No chart scaling required, gann indicator use time and price movement to draw gann angles, so angles will not change the location when zooming the chart or switching between different time frames. Watch this Video. Draw Correct Gann Angles for Forex, Gann Angles points and time input is not fixed so you can change the point and time value to draw the correct gann angles without changing the price quotes. Watch this Video. Four types of gann angles
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Tiger Ind1
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Forget nice looking backtests: The Tiger EA is already ahead of the curve! Let's face the truth: The biggest problem with most of the automated trading systems on the market, is that all of them show very nice backtests, but only a handfull actually perform on live accounts. This is very frustrating when you poured your hard earned money into them. (Not to mention the many EA's in the market, that use manipulated backtest results to sell the product... but that's another story.) The origin of th
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forextiff 2019.02.05 13:05 
 

5 STARS!!! Let me say this... from the beginning Mike was 100% with customer service. I honestly never seen anything like it. I have to apologize in advance... this review was a long time coming as with the service I received, I wanted to do a review immediately but better late than never right? I am really happy I ran into Mike and his indicators on mql5. I am not a review writer... not one bit. But Mike's level of service could not be ignored. The time he took to fully answer all of my questions and also with the way he went above and beyond with more than just the indicator, there was no way I was not going to write a review to let everyone know they are and will be in good hands! Thank you Mike. I will be in touch shortly!

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